TLT

#SyntheticShort – The weekly hedge against a small synthetic short I’ve been playing with…

Bought to Close TLT MAR 9 2018 117.0 Puts @ .02 (sold for .38)

Sold TLT MAR 23 2018 117.5 Puts @ .49

hcgdavis
8:12 am on Thursday, March 8, 2018

what’s your roi on these for the last year?

hcgdavis
8:12 am on Thursday, March 8, 2018

Meant your strangles, not the synthetic short.

fuzzballl
8:18 am on Thursday, March 8, 2018

Last year with TLT behaving pretty nicely it was about 100 percent on margin required in a portfolio margin account. With all the doom and gloom in the bond market this year I had to roll the put side of my strangles way out and down. I’ll be selling conservative calls against those until TLT reverses. Hopefully at some point I can roll the put side back in and up and get back to normal selling.

Inside of all of that I’ve set up a few synthetic shorts to help protect those puts I rolled out…